$XRP

XRP is a digital currency created by Ripple Labs to facilitate fast, low-cost international money transfers. Unlike many cryptocurrencies, XRP does not rely on traditional mining; instead, transactions are validated through a consensus protocol. This allows for high-speed processing and low energy use. XRP is primarily used by financial institutions to bridge currencies and improve liquidity in cross-border payments. It aims to modernize the outdated SWIFT system. While XRP has faced regulatory challenges, notably with the U.S. SEC, it remains a prominent digital asset with strong institutional backing and ongoing developments in global financial infrastructure.